Marketable securities all fall into the category of capital market securities.
According to the text, the most compelling evidence about relative market efficiency is:
(1) __________% of large cap equity funds failed to perform as well as the S&P 500
index; and (2) the vast majority of __________________ fail to achieve top half
performance rankings or outperform their index, especially on a consistent basis.
List the four distinct types of investment companies: _____________________,
_______________________________, _____________________________, and
_______________________________.